Hess Midstream (HESM) Invested Capital (2018 - 2026)

Hess Midstream (HESM) posted Invested Capital of $4.1 billion for Q1 2026, up 781.55% on a QoQ basis from $470.4 million in Q4 2025, and up 1.52% year-on-year from $4.1 billion in Q1 2025.

Hess Midstream (HESM) Invested Capital (2018 - 2026) Analysis & Trends

Hess Midstream has disclosed Invested Capital across 9 years of filings, most recently posting $4.1 billion for Q1 2026.

  • Invested Capital for Q1 2026 came in at $4.1 billion, up 1.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.1 billion (up 1.52% YoY), and the FY2025 annual result was $470.4 million, down 3.57% from the prior year.
  • Invested Capital came in at $4.1 billion for Q1 2026 at Hess Midstream, up from $470.4 million in the prior quarter.
  • Over the last five years, Invested Capital for HESM reached as high as $4.4 billion in Q3 2025 and fell as low as $375.7 million in Q4 2023.
  • Median Invested Capital over the past 5 years was $3.5 billion (2023), compared with a mean of $3.0 billion.
  • Year-over-year, Invested Capital tumbled 31.25% in 2022 and increased 29.84% in 2024.
  • Over 5 years, Invested Capital stood at $531.5 million in 2022, then retreated by 29.31% to $375.7 million in 2023, then advanced by 29.84% to $487.8 million in 2024, then dropped by 3.57% to $470.4 million in 2025, then jumped by 781.55% to $4.1 billion in 2026.
  • Per Business Quant, the three latest HESM Invested Capital figures stand at $4.1 billion (Q1 2026), $470.4 million (Q4 2025), and $4.4 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 59.19 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 61.04 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 33.06 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 103.80 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 21.59 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 40.30 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 54.45 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 12.69 Bn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 47.30 Bn
10 Hess Midstream 4.86 Bn 4.85 Bn - 4.15 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.15 Bn
Dec 31, 2025 470.40 Mn
Sep 30, 2025 4.37 Bn
Jun 30, 2025 4.22 Bn
Mar 31, 2025 4.08 Bn
Dec 31, 2024 487.80 Mn
Sep 30, 2024 3.93 Bn
Jun 30, 2024 3.86 Bn
Mar 31, 2024 3.71 Bn
Dec 31, 2023 375.70 Mn
Sep 30, 2023 3.59 Bn
Jun 30, 2023 3.50 Bn
Mar 31, 2023 3.43 Bn
Dec 31, 2022 531.50 Mn
Sep 30, 2022 3.42 Bn
Jun 30, 2022 3.42 Bn
Mar 31, 2022 3.34 Bn
Dec 31, 2021 773.10 Mn
Sep 30, 2021 3.28 Bn
Jun 30, 2021 3.25 Bn